(Il Sole 24 Ore Radiocor) - Milano, 20 mar - Ecolab said it had agreed to buy KKR-backed CoolIT Systems for around 4.75 billion dollars in cash.

The acquisition, from funds managed by KKR, positions Ecolab as a comprehensive cooling solutions provider by advancing its capabilities across the rapidly growing data center market, Ecolab said.

'AI is transforming the demands on data centers, and liquid cooling is one of the critical technologies that makes advanced computing possible,' Ecolab chairman and CEO Christophe Beck said.

The Minnesota-based company said CoolIT was expected to generate around 550 million dollars in sales over the next 12 months, Ecolab said.

With CoolIT's rapid sales growth, the acquisition is expected to signicantly strengthen the company's Global High-Tech growth engine and accelerate Global Water's organic sales growth rate by 2%.

and Ecolab's total organic sales growth rate by 1%.

(RADIOCOR) 20-03-26 14:13:26 (0366) 5 NNNN